WaterBridge is a pure-play water infrastructure company operating the largest integrated produced water network in the United States, primarily across the Delaware Basin and other major oil and gas producing regions. The company provides water management services to E&P operators under long-term fixed-fee contracts with CPI escalators, operating approximately 2,500 miles of pipelines and over 200 handling facilities that gather, transport, treat, and recycle produced water for disposal or reuse in drilling operations. Revenue is generated primarily through stable, contracted fees for these water services, complemented by energy waste management operations, with the business model designed to deliver predictable cash flows tied to the full lifecycle of oil and gas production across its dedicated customer acreage.